Hyundai/Grab to enhance future mobility services in Southeast Asia

Hyundai IONIQ Autonomous

As per sources, Hyundai plans to expand in the car-sharing business and will assist Grab to secure a competitive edge with Uber in Southeast Asia.

Besides offering ride-hailing services and possibly a car-sharing programme in future through the Hyundai partnership, Grab has also partnered with self-driving startup nuTonomy in a driverless auto trial in Singapore.

"Grab's expertise in the Southeast Asian market coupled with Hyundai's eco-vehicle leadership will bring innovative services to customers". The key officials of both the firms have stated that they will work together on a mobility service platform that uses Hyundai vehicle models such as Ioniq Electric. Young Cho Chi, chief innovation officer and head of Strategy & Technology Division at Hyundai.


The amount Hyundai invested in Grab was not disclosed, but it's an extension of the company's Series G round of $2 billion announced in July from Didi Chuxing and SoftBank Group Corp. That means Grab could possibly tap into whatever that partnership delivers.

South Korea's Hyundai Motor said it is considering building a auto plant in Southeast Asia with Indonesia and Vietnam possible locations - part of efforts to diversify after a sales slump in China.

As per reliable sources, earlier in January 2017, Hyundai had entered into collaboration with WaiveCar for introducing electric vehicle auto sharing activities financed via advertisements. In October, Hyundai opened its first company-operated electric vehicle sharing service in metropolitan Amsterdam, Netherlands and later in November handed over the first fleet of Ioniq hybrid models for the new Stadtauto (meaning "city car") auto sharing service in Vienna, Austria. The Grab app has been downloaded onto over 77m mobile devices, giving passengers access to the region's largest land transportation fleet comprising over 2.3m drivers.

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